Alcoa Inc. (AA) reported earnings of $16 million, down 92% from a profit of $195 million, or 14 cents a share, from the same period a year ago. On an adjusted basis, the company earned 7 cents a share, beating analysts' expectations of 2 cents a share by 250%. Revenue dropped from $5.82 billion to $4.95 billion over the same time period; analysts surveyed by Zacks expected revenue of $5.27 billion.